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IMPORTANT CHANGES IN THE BANKRUPTCY LAW

... be possible to do this in court, but without a direct hearing. Also, the former or current spouse of a Russian citizen, against whom an insolvency case has been initiated, receives the status of a participant in the bankruptcy case. Amendments to the Bankruptcy Law came into force on May 29 of this year.

"THIS IS GOING TO BE A BIG PROBLEM." THE VICE PRESIDENT OF THE ASSOCIATION OF LAWYERS IN THE FIELD OF LIQUIDATION AND BANKRUPTCY OPPOSED THE REGISTRATION OF LEGAL ENTITIES TO A VIRTUAL ADDRESS

The initiative to register legal entities by e-mail has not been worked out and will make a big mess in the interaction of business and government agencies, said Vladimir Kuznetsov, Vice President of the Association of Lawyers for Registration, Liquidation, Bankruptcy and Judicial Representation. In this regard, for the convenience of taxpayers, the association proposed to create an institute of registration lawyers. During a meeting of the Expert Council under the State Duma Committee on Small and Medium-sized ...

EX-EMPLOYEES OF OTKRITIE BANK FORCED THE COP TO DOUBT THE NORMS OF THE BANKRUPTCY LAW

The Constitutional Court (CC) will check the constitutionality of a number of provisions of the law "On Insolvency (Bankruptcy)" and "On Amendments to Certain Legislative Acts of the Russian Federation". The reason for the procedure was a case involving Otkritie Bank. According to Vedomosti, with reference to the press service of the Constitutional ...

THE STATE DUMA HAS ADOPTED A LAW ON THE TAX ON CRYPTOCURRENCY

The State Duma adopted in the third reading a bill providing for the introduction of taxation of digital currency. Amendments are proposed to the Tax Code of the Russian Federation. The draft law provides that cryptocurrency will be recognized as property, but only for taxation. Residents are required to inform about transactions with digital currency if the amount of receipts or write-offs for the year is more than 600,000 rubles. The author ...

A DRAFT LAW ON FREE LEGAL AID IN COURTS FOR PARTICIPANTS IN A SPECIAL MILITARY OPERATION WILL BE SUBMITTED TO THE DUMA

... should increase the level of legal support and protect the interests of veterans and participants in a special military operation, as well as their families. The explanatory note to the bill notes that today, in a significant part of the regions, the law does not provide free legal assistance on a number of issues for participants in a special military operation and their loved ones. This also applies to the termination of loan obligations and the suspension of enforcement proceedings.

THE LAW ON MEDIATION WAS DISCUSSED IN THE STATE DUMA

The LDPR faction held a round table in the State Duma on amendments to the Law on Mediation (193-FZ). The trade union community, together with the Ministry of Justice and representatives of the party, discussed, among other things, the creation of a unified register of mediators and a code of ethics, as well as educational requirements....

BANKS OBJECT TO THE DRAFT LAW BANNING FLOATING RATES

The State Duma received a letter from the National Council of the Financial Market with a proposal to amend the bill on limiting the use of floating rates in consumer loans. The initiative was submitted to the State Duma back in 2021. It prohibits the use of a floating interest rate on loans for up to one year and long-term loans for up to 20 years. The ban applies to loans for amounts determined by the Government. The novel assumes a maximum amount of change in the floating rate of no more than...

THE STATE DUMA PROPOSED TO ALLOW LIQUIDATION NETTING IN BANKRUPTCY OF QUALIFIED INVESTORS

... professionals in the securities market and insolvent qualified individual investors. The initiative was posted in the electronic database of the Parliament under No. 543525-8. It implies amendments to the Law "On the Securities Market" and the Law on Bankruptcy. Currently, as a general rule, it is prohibited to set off claims in bankruptcy cases, with the exception of a number of cases. Thus, liquidation netting, which allows you to pay for urgent transactions and repo transactions, is acceptable ...

THE LAWYER PAID WITH HIS STATUS FOR EXCESSIVE GREED

The human rights defender got the money awarded to his principal in the enforcement proceedings, and kept some of them. The Bar Chamber did not appreciate such a gesture and hastened to disown the lawyer. In 2020, an agreement was concluded between the principal and the lawyer on the provision of legal services in the framework of criminal proceedings and in the recovery of damage caused to the principal. According to the contract, the lawyer ...

THE LAW ON THE REGISTRATION OF PETS IN THE MOSCOW REGION: ABOUT THE NEW RULES FROM SEPTEMBER

On September 1, the norms of the Law of the Moscow Region No. 230/2022-OZ came into force, according to which pet owners are required to register pets in state veterinary clinics with the submission of their passport data and documents for the animal, if available. The corresponding ...

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